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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (68087)	9/23/1999 11:04:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 132070

Oil-connected stocks are lagging badly behind the price of crude, which is up another 60 cents today and headed towards $25. Even the oil royalty trusts, which pay out leveraged returns as crude goes higher (lifting and administrative costs remaining flat) are not moving much. Is this "cognitive dissonance" or is that something else? In any case, it's a nutty world where people will borrow to the limit to buy paper shares in a money-losing company and fail to see value in something essential.